Grand Rapids, MI Triplexes for Sale

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Updated: May 4

Renovated Brick Triplex

40 Lexington Avenue NW, Grand Rapids, MI 49504

$1,195,000

0.20 AC lot

Three‑unit multifamily property with potential to convert part of the garage into a fourth unit
Two‑bedroom, two‑bath primary residence with elevator access and in‑unit laundry
Five garage parking spaces plus four additional exterior parking spaces
Renovated historic brick building constructed in 1927
0.2‑acre site with upper deck, private yard, and patio

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Updated: Aug 12

Professionally Managed Triplex

859 Butterworth Street SW, Grand Rapids, MI 49504

$329,900

0.20 AC lot

Three‑unit property with three 1‑bedroom, 1‑bathroom units
All three units occupied and under current leases
Professionally managed by United Properties
Split utilities; owner responsible for water and sewer
0.2‑acre lot with off‑street parking

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Renovated Triplex with On-Site Laundry

1340 Plainfield Avenue NE, Grand Rapids, MI 49505

$315,000

0.14 AC lot

Two updated units are vacant, with split utilities and laundry facilities available on the property.

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Renovated Historic Triplex

40 Lexington Avenue Northwest, Grand Rapids, MI 49504

$1,195,000

550 sqft

Three-unit historic firehouse conversion with elevator access, garage parking, outdoor areas, and distinctive architectural details.

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Historic Triplex with Vacant Units

233 Hollister Avenue SE, Grand Rapids, MI 49506

$339,900

0.14 AC lot

Historic triplex in East Hills with all three units vacant and ready for renovation or leasing.

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Three-Unit Residential Income Property

1130 Jackson Street NW, Grand Rapids, MI 49504

$449,900

0.13 AC lot

Three-unit multifamily with two 2-bedroom units and one 3-bedroom unit, plus basement laundry and alley-access parking.

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Triplex with Commercial Zoning

827 W fulton Street, Grand Rapids, MI 49504

$750,000

0.11 AC lot

Commercial-zoned triplex built in 1910 with driveway parking, forced-air heating, and window-unit cooling.

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Three-Unit Triplex with Parking

859 Butterworth St, Grand Rapids, MI 49504

$329,900

1,881 sqft

Professionally managed multifamily property with leased units, split utilities, and off-street parking.

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3-Unit Triplex with Off-Street Parking

606 Fairview Avenue NE, Grand Rapids, MI 49503

$520,000

0.14 AC lot

Triplex with three 3-bed/1-bath units, off-street parking, and shared basement laundry, with certifications through February 2027.

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Three-Unit Property with Garage

Grand Rapids, MI 49503

$500,000

1905 multifamily property with a three-bedroom main residence, two one-bedroom units, and additional attic conversion potential.

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Renovated Triplex with Laundry

1340 Plainfield Ave NE, Grand Rapids, MI 49505

$315,000

Two updated vacant units, split utilities, and on-site laundry support flexible occupancy and property operations.

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Three-Unit Residential Income Property

1130 Jackson St NW, Grand Rapids, MI 49504

$449,900

Three-unit rental mix of two 2-bedroom units and one 3-bedroom, with alley-access parking and shared basement laundry.

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Historic Triplex with New Roof

233 Hollister Ave SE, Grand Rapids, MI 49506

$339,900

Three vacant units provide flexibility for renovation, leasing, or owner occupancy in East Hills.

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Triplex with Off-Street Parking

606 Fairview Ave NE, Grand Rapids, MI 49503

$520,000

Three 3-bedroom units with off-street parking and shared basement laundry, with certifications through 2/2027.

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Mixed-Use Building with Retail Space

432 Burton St SW, Grand Rapids, MI 49507

Contact for pricing

Three occupied apartments accompany a vacant storefront with liquor-store equipment remaining in place.

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Updated Triplex with Two Renovated Units

636 Livingston NE Avenue, Grand Rapids, MI 49503

$449,900

Three-unit property with two renovated units, replacement windows, and a new roof.

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Based on your search, we've compiled 20 Potential Opportunities for your consideration. Besides 16 Active listings in Grand Rapids, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Triplex with Heated Driveway

215-217 S 1st Street, Grand Haven, MI 49417

$1,895,900

0.20 AC lot

Three-unit property with a rented front duplex and a renovated three-story rear residence.

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Renovated Furnished Triplex

209 Clinton Avenue, Grand Haven, MI 49417

$749,900

0.10 AC lot

Three separate suites provide flexible short-term rental and owner-occupancy options in a cottage-style property.

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3 Unit Fully Leased Apartment - 502 W. State Street, Hastings MI

502 State St, Hastings, MI 49058

$349,000

2,278 sqft 0.20 AC lot

3 Unit Apartment - Zoned as Mixed Use PUD 502 W. State Street, Hastings MI

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3 Unit Fully Leased Apartment - 502 W. State Street, Hastings MI

502 State St, Hastings, MI 49058

$349,000

2,278 sqft 0.20 AC lot

3 Unit Apartment - Zoned as Mixed Use PUD 502 W. State Street, Hastings MI

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Grand Rapids, MI Triplexes Market Trends and Statistics

Explore 16 triplexes for sale in Grand Rapids, MI, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 2,431 square feet of properties for sale, with an estimated market value of $7,999,300.

Sale prices for three-family homes in Grand Rapids, MI start at $315,000, averaging $533,286, and reaching up to $1,195,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 434K

Population Growth (5Y) +2.4%

Median Household Income $74,271

College Educated 24.5%

High-Yield Neighborhoods for Investment

Identify Grand Rapids submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
49505	$315K
49506	$339.9K
49503	$497.5K
49504	$671.4K

Taxes & Financing

Tax Rate (average for all types) 3.15%

Property Tax per SF $44.85 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Kent County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Kent County

Retail

Office

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Grand Rapids fall within the 10,000 to 25,000 square foot range.

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Grand Rapids, MI Triplexes for Sale

40 Lexington Avenue NW, Grand Rapids, MI 49504

859 Butterworth Street SW, Grand Rapids, MI 49504

1340 Plainfield Avenue NE, Grand Rapids, MI 49505

40 Lexington Avenue Northwest, Grand Rapids, MI 49504

233 Hollister Avenue SE, Grand Rapids, MI 49506

1130 Jackson Street NW, Grand Rapids, MI 49504

827 W fulton Street, Grand Rapids, MI 49504

859 Butterworth St, Grand Rapids, MI 49504

606 Fairview Avenue NE, Grand Rapids, MI 49503